Credit Card Discussion Thread

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NeilCartwright

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Are yall fcking with manufactured spending for credit card rewards (cashback, airline miles, etc)

They saying
-buy a gift card with a credit card
-Deposit the gift card back into your bank account (either through paypal or venmo)
-pay off the original purchase on the credit card from the cash from the gift card

Idk if the companies put a stop to this but this aint a bad move:whoo:i get 2% cashback on one of these cards. i might just cop another one for the travel points and cop a free flight at the end of the year
 
winb83

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NeilCartwright said:
Are yall fcking with manufactured spending for credit card rewards (cashback, airline miles, etc)

They saying
-buy a gift card with a credit card
-Deposit the gift card back into your bank account (either through paypal or venmo)
-pay off the original purchase on the credit card from the cash from the gift card

Idk if the companies put a stop to this but this aint a bad move:whoo:i get 2% cashback on one of these cards. i might just cop another one for the travel points and cop a free flight at the end of the year
Click to expand...
I'm aware of it but I've never done it.
Manufactured Spending - FlyerTalk Forums
That's a great forum for it.
 
Eza

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Haven't applied for a new card since Fall 2016, it's bout that time...

What would be yall number one choice?
 
Maddmike

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NeilCartwright said:
Are yall fcking with manufactured spending for credit card rewards (cashback, airline miles, etc)

They saying
-buy a gift card with a credit card
-Deposit the gift card back into your bank account (either through paypal or venmo)
-pay off the original purchase on the credit card from the cash from the gift card

Idk if the companies put a stop to this but this aint a bad move:whoo:i get 2% cashback on one of these cards. i might just cop another one for the travel points and cop a free flight at the end of the year
Click to expand...
Did you do this yet? Sounds like a good workaround
 
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NeilCartwright

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Maddmike said:
Did you do this yet? Sounds like a good workaround
Click to expand...
Yes and no. I copped the chase sapphire reserve for travel, got the 50k points sign up bonus. And the Gold Amex card to stunt with and for all my food purchases. Also has a 35k sign up bonus.

I ended up not doing the manufactured spending. Just got those 2 cards for the points. Like if you know you got a rent/mortgage, bills, car note etc. You mine as well get some rewards points for it.

They come in handy to usually get me one flight per year.
 
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NeilCartwright

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For Da Bag said:
I feel like the credit score needed to get either of those is above 900.
Click to expand...
For real though my shii wasn’t even that high, at one point I had a 600 fico. But it went up a lil bit by the time I applied for them too. I have hella student loan debt but paid off all my credit card debt before I applied.

I think of it like this these companies wanna approve Nikkas bc they think we gon pay late and get hit with high with interest. So they want to approve people for these cards. Little do they know we finessing them for the rewards points:yeshrug:worst they can do is say no
 
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